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Theranica USA

Prescription-based wearable for pain management

Overview

Theranica USA develops digital therapeutics for pain management, centering on Nerivio, a wearable device. Nerivio uses remote electrical neuromodulation to stimulate upper-arm nerves, triggering the body's Conditioned Pain Modulation to reduce migraine pain. The product is prescribed through healthcare providers; Theranica sells devices to providers or directly to patients with a prescription. They differentiate as a non-drug, prescription-supported pain relief option in digital therapeutics, aiming to improve outcomes for chronic pain patients, starting with migraines.

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About Theranica USA

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Industries

Enterprise SoftwareHealthcare

Company Size

51-200

Company Stage

Series C

Total Funding

$86.1M

Headquarters

Netanya, Israel

Founded

2016

Funding

Total Funding

$86M

Below

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$45M
$50M
$62M
$100M

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Remote Work Options
  • Flexible Work Hours

Company News

PR Newswire
Sep 23rd, 2026
Theranica's AI predicts next-day migraine risk at 91% precision in 53,000-patient study

Theranica's AI-powered feature, Your Day Ahead, achieved 91% precision in forecasting next-day migraine risk, according to a peer-reviewed study of 53,000 Nerivio users published in Neurology Open Access. The machine learning model analysed 770,473 daily reports from patients who used the Nerivio app between January 2020 and July 2025. The study found that a patient's headache pattern over the preceding 30 days was the strongest predictor, contributing 56% of the model's performance, whilst prodromal symptoms contributed just 11%. The model achieved 81% accuracy and an area under the curve of 0.893. Your Day Ahead is already incorporated in the Nerivio app, a remote electrical neuromodulation device cleared by the FDA for acute and preventive migraine treatment in patients aged eight and older.

Citybiz
May 19th, 2026
Vistagen names former Karuna and Neurocrine executive Angel Angelov chief medical officer.

Vistagen names former Karuna and Neurocrine executive Angel Angelov chief medical officer. May 19, 2026 Angel Angelov Vistagen has appointed veteran neuropsychiatry executive Dr. Angel S. Angelov as chief medical officer as the late-stage biotech company pushes toward potential commercialization of its intranasal neuroscience pipeline and attempts to differentiate itself in a crowded mental health treatment market. The South San Francisco-based company said Angelov officially joined the company May 18. His appointment comes as Vistagen advances multiple late-stage clinical programs built around its "pherine" platform - intranasal product candidates designed to target brain neurocircuitry pathways without requiring systemic absorption into the bloodstream. The hire adds a commercially experienced clinical leader at a pivotal stage for the company. Vistagen's lead programs include fasedienol, currently in Phase 3 development for acute treatment of social anxiety disorder, alongside additional programs targeting major depressive disorder and menopause-related vasomotor symptoms. Angelov arrives with experience spanning both biotech commercialization and central nervous system drug development, areas that have become increasingly intertwined as neuroscience companies face mounting pressure to demonstrate not only clinical efficacy but also differentiation against existing psychiatric therapies and newer neurotechnology approaches. Before joining Vistagen, Angelov served as chief medical officer at neuromodulation company Theranica. He also held senior medical affairs and clinical leadership roles at Karuna Therapeutics prior to its acquisition by Bristol Myers Squibb, as well as Neurocrine Biosciences, where he worked on the VMAT-2 franchise. His background also includes leadership positions at Novartis, Teva, Indivior, and NuPathe, giving him experience across both large pharmaceutical organizations and emerging neuroscience companies navigating regulatory and commercialization pathways. For Vistagen, the appointment reflects a broader strategic challenge facing neuropsychiatric drug developers: translating novel mechanisms into commercially viable therapies in markets long dominated by conventional antidepressants, anxiolytics, and antipsychotics. The company is attempting to carve out a distinct position through its nose-to-brain neurocircuitry approach, which it says could deliver rapid therapeutic effects while potentially avoiding some side effects associated with systemically absorbed psychiatric medications. That positioning has become increasingly relevant as healthcare providers and investors search for alternatives in mental health treatment categories where many existing therapies suffer from delayed onset, tolerability concerns, or inconsistent patient adherence. The neuroscience sector has also seen renewed investor interest in recent years following a wave of acquisitions and licensing activity tied to central nervous system therapies, particularly in depression, schizophrenia, and anxiety-related disorders. At the same time, companies pursuing differentiated psychiatric treatments continue to face high clinical-development risk and growing scrutiny around reimbursement, durability of effect, and real-world adoption. Chief Executive Officer Shawn Singh said Angelov's background in clinical development and medical affairs would support the company's efforts to address what he described as suboptimal standards of care across targeted therapeutic areas. Angelov said he viewed Vistagen's neurocircuitry-focused platform as an opportunity to reshape approaches to patient care across neuropsychiatry and women's health. As part of his employment package, Vistagen granted Angelov stock options to purchase 150,000 shares under Nasdaq inducement rules. The options carry an exercise price of $0.5955 per share and vest over a four-year period, beginning with a 25% vesting milestone after one year. The equity grant structure reflects the continued reliance among development-stage biotech companies on stock-based compensation to attract senior executive talent while preserving cash during expensive late-stage clinical programs. Vistagen trades on Nasdaq under the ticker VTGN.

PR Newswire
Oct 8th, 2025
Theranica Brings First-in-Class, Drug-Free Migraine Care to the Forefront at CNS 2025 with Product Theater and New Real-World Evidence

Theranica brings first-in-class, drug-free migraine care to the forefront at CNS 2025 with product theater and new real-world evidence. News provided by. Oct 08, 2025, 14:48 ET With a dedicated product theater and new real-world evidence posters, Theranica will spotlight how the Nerivio(R) REN wearable is reshaping pediatric migraine care - offering families a proven, drug-free alternative to migraine treatment BRIDGEWATER, N.J. and NETANYA, Israel, Oct. 8, 2025 /PRNewswire/ - Theranica, a pioneer in drug-free neuromodulation treatments for idiopathic pain conditions, today announced its participation at the 2025 Child Neurology Society (CNS) Annual Meeting, held in Charlotte, N.C. The company will present two new real-world evidence (RWE) posters and host a dedicated product theater session, highlighting the clinical impact of the FDA-cleared Nerivio(R) Remote Electrical Neuromodulation (REN) wearable indicated for both acute and preventive treatment of migraine in people aged 8 and older. The new data add to the growing body of evidence demonstrating the long-term effectiveness and safety of the Nerivio REN wearable as a non-pharmacological option for patients: * RWE10: Timing of treatment - In one of the largest prospective real-world studies of migraine to date (55,000 patients, including nearly 9,000 children and adolescents), data revealed that REN treatments which were initiated within one hour of migraine onset were nearly twice as likely to achieve pain relief, pain freedom and freedom from associated symptoms compared to attacks with delayed treatment (p<0.001). These findings emphasize the clinical importance of timely intervention with the REN wearable. * RWE08: Three-year outcomes - A longitudinal study showed no tachyphylaxis (treatment fatigue) and consistent efficacy over three years of monthly treatment with the Nerivio REN wearable. Patients used the device an average of 8.4 times per month, achieving sustained pain relief (~74%) and functional disability relief (~70%). Outcomes remained stable over time with minimal device-related adverse events, underscoring tolerability and long-term safety. Alongside the poster presentations, Theranica will host a product theater showcasing the Nerivio REN wearable's unique role in pediatric neurology. Clinicians will gain insights into its use for both acute and preventive treatment in the pediatric population, without the risks associated with drugs, needles or invasive procedures. "We are excited to engage with the pediatric neurology community at this year's CNS Annual Meeting," said Alit Stark-Inbar, VP of Medical Information and Research at Theranica. "Through our product theater and new real-world evidence studies, we look forward to highlighting the clinical value of the Nerivio(R) REN wearable as a safe, drug-free migraine treatment option for children and adolescents. Our participation at CNS underscores Theranica's commitment to advancing innovative, family-friendly solutions that meet the unique needs of young patients living with migraine." The new findings further demonstrate the long-term safety, efficacy and clinical value of the Nerivio REN wearable for people living with migraine. By sharing this evidence with the pediatric neurology community at CNS 2025, Theranica continues to highlight its commitment to expanding access to drug-free, clinically proven interventions that empower patients to better manage migraine symptoms. About Nerivio The Nerivio(R) REN wearable is an acute and preventive (dual-use) prescription migraine treatment that works without drugs, needles, or invasive procedures. FDA-cleared for patients 8 and above, it uses gentle electrical pulses on the arm to activate the brain's natural pain regulation system, relieving migraine symptoms during an attack, and reducing the frequency and burden of future episodes when used preventively. Controlled by a smartphone app, the Nerivio REN wearable offers a safe, effective, and easy-to-use way to manage migraine - without the risk of systemic side effects or drug interactions. About Theranica Theranica is a neuromodulation therapeutics company pioneering drug-free treatments for idiopathic pain conditions. Its FDA-cleared flagship product, Nerivio(R), is the first-and-only prescribed REN wearable for both acute and preventive migraine care. Used in more than one million treatments across the U.S., Nerivio provides a much-needed option for migraine patient populations with unique qualities, including children, veterans, individuals managing comorbidities, and women of childbearing age. Dedicated to modernizing pain management without drugs or needles, Theranica continues to develop cutting-edge neuromodulation therapies that reshape the way pain is treated. Theranica Contact: Ronen Jashek [email protected] +972-72-390-9750 SOURCE Theranica

PR Newswire
Dec 10th, 2024
Theranica Advances Migraine Care In 2024 Supported By New Research, An Expanded Indication, A New Chief Medical Officer, And Broader Insurance Coverage

The Nerivio® REN wearable is redefining pediatric migraine care as the only migraine-specific preventive therapy for children under the age of 12.BRIDGEWATER, N.J. and NETANYA, Israel, Dec. 10, 2024 /PRNewswire/ -- Theranica, a prescribed neuromodulation therapeutics company, today announced significant milestones in 2024, including a recently released study highlighting barriers and preferences when treating migraine at school. Other achievements this year include an expanded age indication from the FDA, clearing the treatment for use in patients aged eight and older; the appointment of a new chief medical officer; and improved access and affordability with insurance coverage reaching 30 million people

PR Newswire
Jul 25th, 2024
New Study Evaluates Use Of The Nerivio® Ren Wearable For Treatment Of Migraine In Children Under The Age Of 12

Nerivio, currently indicated for use in ages 12 and older, demonstrates study results in younger children with migraine.BRIDGEWATER, N.J. and NETANYA, Israel, July 25, 2024 /PRNewswire/ -- Theranica , a neuromodulation therapeutics company, today announced that Annals of the Child Neurology Society has published results from a prospective real-world evidence study evaluating the safety and efficacy of remote electrical neuromodulation (REN) as a treatment for migraine in children ages 6 to 11. The Nerivio ® REN wearable is the first FDA-cleared, non-drug, easy-to-use treatment for both acute migraine attacks and prevention of migraine with or without aura in adolescents and adults ages 12 and older. The treatment is currently under FDA review to possibly expand the indication to eight years of age and older."This study has shown that REN is a valuable tool for migraine treatment even in younger children," said Dr. Trevor Gerson, MD, Headache Specialist, Children's Mercy Kansas City. Post this The Nerivio REN wearable is the first non-drug, non-disruptive migraine treatment that can be used anywhere, allowing adolescents to participate in activities and school while actively managing their migraine.This recently published clinical study, involving 293 children aged 6 to 11, has shown promising results regarding the safety and effectiveness of the Nerivio REN wearable device as a non-pharmacological treatment for migraine.At two hours post-treatment, 72.2% of patients reported pain relief, 36.0% achieved pain freedom, 83.3% experienced functional disability relief, and 38.9% attained functional disability freedom

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